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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='color:#1F497D'>Both Federal and State laws can apply to seller financing<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Barnes Walker has an article on the Dodd Frank Act applicability to Seller Financing, which can be found here:<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><a href="https://barneswalker.com/seller-financing-restrictions-under-the-dodd-frank-act/">https://barneswalker.com/seller-financing-restrictions-under-the-dodd-frank-act/</a><o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>The Washington Consumer Loan Act also has applicability, here is an article on that:<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><a href="https://dfi.wa.gov/residential-seller-financing">https://dfi.wa.gov/residential-seller-financing</a><o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal><span style='color:#1F497D'>John McCrady<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Counsel<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Puget Sound Title Company<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>5350 Orchard Street West<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>University Place WA 98467<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>253-476-5721<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>j.mccrady@pstitle.com<o:p></o:p></span></p></div><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Sharon Rutberg<br><b>Sent:</b> Tuesday, February 12, 2019 8:45 AM<br><b>To:</b> wsbapt@lists.wsbarppt.com<br><b>Subject:</b> [WSBAPT] seller-financed real property sale<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Good morning –<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I hope everyone is keeping warm and dry. I would appreciate hearing from someone who could walk me through the steps of a seller-financed house sale. Clients want to sell their home to neighbors, who will make a down payment and then pay mortgage payments to the sellers. This seems to be a “do it yourself” transaction and I want to be sure they are doing it properly.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Many thanks,<o:p></o:p></p><p class=MsoNormal>Sharon<o:p></o:p></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'>Sharon C. Rutberg, Attorney at Law</span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'>Salmon Bay Law Group, PLLC</span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'>1734 NW Market St.</span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'>Seattle, WA 98107</span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'>206-735-3177, ext. 2</span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='color:black'><a href="mailto:sharon@salmonbaylaw.com"><span style='font-size:9.0pt;font-family:"Verdana",sans-serif'>sharon@salmonbaylaw.com</span></a></span><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'> </span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'>Website: <a href="http://www.salmonbaylaw.com/">www.salmonbaylaw.com</a></span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana",sans-serif;color:black'>Washington State Bar #47055<br><br>NOTICES<br>The contents of this message and any attachments may be protected by the attorney-client privilege, work product doctrine, and/or other applicable protections. If you are not the intended recipient or have received this message in error, please notify the sender and promptly delete the message. Thank you for your assistance.</span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div>
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